Cornmarket upping sticks

duskyjoe

Just been informed by Cornmarket they are pulling out of the Republic market ......Carole Nash is their chosen recommendation ! FFS.....market will be a total duopoly and premiums will be what ever they choose due lack of competition

Del2005

There's more than 2 companies left.

GBX

Got the email. Theres Carole Nash, Principal, Liberty & MCE still here.

galwaytt

GBX wrote: »

Got the email. Theres Carole Nash, Principal, Liberty & MCE still here.

C-N and Principal have the same undewriters - so there's only actually 3, not 4 insurers..........C-N and Principal are brokers.

spockety

One thing that sticks out for me is that they're going to hand over all your personal data to Carole Nash... didn't think a company was allowed to do that... data protection....

D3V!L

Cornmarket insured two bikes for me last week, A HD Street Glide and a Honda Grom, both fully comp for €290.

Carole Nash wanted €860 just for the HD !! :eek:

GBX

galwaytt wrote: »

C-N and Principal have the same undewriters - so there's only actually 3, not 4 insurers..........C-N and Principal are brokers.

Ah right. Yeah I suppose these companies are only fronts/brokers for the underwriters.


Data protection. Should you not have to give them the go ahead to pass this info on or is it already being shared between them anyway?

spockety

GBX wrote: »

Ah right. Yeah I suppose these companies are only fronts/brokers for the underwriters.


Data protection. Should you not have to give them the go ahead to pass this info on or is it already being shared between them anyway?

I think you should have to give them the go ahead... they seem to be saying in the email that it's the other way around.. that you need to tell them if you DON'T want your data shared... I don't think it works that way and they could be in line for a ridiculous fine if they have that wrong...

BlackWizard

From their customers email

Tuesday 25th April 2017
Policy Reference: MCA12818
Policy Renewal Date: 06 June 2017
IMPORTANT NOTICE - Changes to your Motorcycle Insurance Policy with Cornmarket Insurance Services
Dear Mr Likes Expensive Insurance,
Following a strategic review, the underwriter of Cornmarket Insurance Services’ motorcycle insurance scheme has decided to withdraw from the motorcycle insurance market in the Republic of Ireland. As a consequence, from 1st July 2017, Cornmarket Insurance Services will no longer be in a position to offer new motorcycle insurance policies in the Republic of Ireland.

Please be aware, as you currently have a motorcycle insurance policy through Cornmarket Insurance Services, you will continue to be covered until your next renewal date, 06 June 2017.

As you are a valued customer, we want to ensure that your insurance needs continue to be met. We have searched the market for a partner who can provide specialist bike insurance expertise at a competitive price. On this basis, we are pleased to tell you that we have selected Carole Nash, one of the country’s most experienced motorcycle insurance brokers to provide you with a new quote at next renewal date. Carole Nash has operated from its Dublin office since 1999 and is a proud supporter of the biking community.

We would like to assure you that there is no change to your existing policy, up until your next renewal date and we will be writing to you again nearer your renewal date.

We have put together a list below to answer some of the questions you may have. However, if you have any queries, please contact us on 048 90442200 or email us on bikes@cornmarketinsurance.co.uk.
Yours sincerely,
The Motorcycle Team,
Cornmarket Insurance Services
048 9044 2200
bikes@cornmarketinsurance.co.uk
Frequently Asked Questions

Q: I currently have a motorcycle insurance policy with Cornmarket Insurance Services. What does this mean for me?
A: The most important thing to know is that there is no change to your existing policy. You will continue to be insured through Cornmarket Insurance Services until your next renewal date. Before your next renewal date, Carole Nash will contact you with a new quote.

Q: As an existing customer of Cornmarket Insurance Services, what do I need to do next?
A: If you are happy for Carole Nash to offer you a quotation at renewal, you don’t need to do anything. Cornmarket Insurance Services has made arrangements to ensure that you will receive a quotation from Carole Nash in advance of your next renewal date. Until that date, you will still be insured through Cornmarket Insurance Services.

Q: How will I continue to pay for my policy?
A: In terms of payment for your existing policy, nothing changes until your next renewal date. Carole Nash will contact you before your next renewal date with a quotation. If you are happy with the premium, you will need to contact them to accept the quote and make arrangements for payment.

Q: I have an outstanding claim, who do I need to contact?
A: Cornmarket Insurance Services remains your insurance broker until your next renewal date so any ongoing claims will continue to be dealt with by Cornmarket Insurance Services.

Q: What if I want to make a change to my existing policy?
A: If you want to make a change to your existing policy prior to your renewal date you should contact Cornmarket Insurance Services as usual on 048 9044 2200. However, if you wish to make a change effective on, or after your renewal date, you will need to contact Carole Nash. Contact details will be included in the information pack you receive from them.

Q: If I need to report a new claim, who do I contact?
A: If the accident occurs prior to the renewal date of your policy, you should report your claim to Cornmarket Insurance Services on 048 9044 2200. Lines are open from 9am to 5.30pm Monday to Thursday, from 10.00am to 5.00pm on Friday and from 9am to 12.30pm on Saturday. If the accident/claim occurs after your policy renewal date, you should report it to Carole Nash or your chosen new insurer or broker.

Q: Will you share my data with Carole Nash?
A: Yes. Details of your current motorcycle insurance policy will be sent to Carole Nash, purely for the purpose of providing you with a quote. Carole Nash will contact you about this quotation by phone or in writing. If you do not wish to have your details shared with Carole Nash, please contact Cornmarket Insurance Services. However, it is important to note that if you request that your policy details are not shared, responsibility lies with you to ensure that you have adequate insurance cover in place with effect from your renewal date.

Q: How will my new policy be affected by this change?
A: Before your next renewal date, a policy summary will be provided by Carole Nash as part of your quotation pack. Cornmarket Insurance Services has selected Carole Nash as they are an experienced motorcycle insurance broker and can offer you a great package at a competitive price.

Free-2-Flow

I left Carol Nash last week for Principal, Honda Shadow 600 with a Provisional, 236 fully comp, Carol Nash were only offering 3rd party for that

GBX

spockety wrote: »

I think you should have to give them the go ahead... they seem to be saying in the email that it's the other way around.. that you need to tell them if you DON'T want your data shared... I don't think it works that way and they could be in line for a ridiculous fine if they have that wrong...

Yes thats it. They are putting the onus on you to stop the data transfer

spockety

GBX wrote: »

Yes thats it. They are putting the onus on you to stop the data transfer

Data Protection Commissioner might have something to say about that.

GBX

spockety wrote: »

Data Protection Commissioner might have something to say about that.

I'm waiting on a reply from them on it

BlackWizard

GBX wrote: »

I'm waiting on a reply from them on it

It took me 2 weeks to get a response a few months ago. But keep us informed on what they say.

CJhaughey

galwaytt wrote: »

C-N and Principal have the same undewriters - so there's only actually 3, not 4 insurers..........C-N and Principal are brokers.

Zenith is the underwriter for Principal, are Zenith pulling out of bikes in ROI?
They already pulled the car stuff last year.
Brexit effects?

sleepysniper

I got a phone call from them today looking to set up my renewal...

Cienciano

Mine is up in January. Will be interesting to see how much it goes up. Cornmarket was so much cheaper the first time I didn't even bother shopping around, I just used to renew.

CJhaughey

Adelaide were good, I used them for a good few years renewals, always found them pleasant enough.
Was it Cornmarket took them over or a merger or just a rename?

Del2005

CJhaughey wrote: »

Adelaide were good, I used them for a good few years renewals, always found them pleasant enough.
Was it Cornmarket took them over or a merger or just a rename?

IIRC the phone message when you called used to be Adelaide from Cornmarket insurance, they just changed the name.